---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42762522.md"
description: "$Intel(INTC.US)Let's do a rough calculation for everyone. Intel currently has an annual revenue of over $50 billion, and excluding the losses from its foundry business, profits exceed $10 billion. With the rise of agentic AI, Xeon series products are in short supply; it's worth noting that Xeon generates significantly higher margins than the client business. Considering the incremental impact of 18A, capacity adjustments, and price hikes, I expect Q4 server product revenue to reach over $8 billion. I estimate total CPU profits at $15-20 billion, so let's conservatively use $15 billion. Applying a conservative P/E multiple of 20x, the CPU business is valued at $300 billion. The foundry business has secured three major clients: Apple's iPhones and Macs, Google/MTK's packaging, and Musk's chip factory. TSMC, with its advanced processes, typically commands a 10x PB, while global foundries with lagging processes usually trade at 2-3x PB. Intel's 18A/14A are advanced processes, although profitability might still be a year away. Conservatively estimating at 3x PB, this segment is worth $300 billion. Thus, the combined conservative value of its CPU and foundry businesses is $600 billion. After cutting about 20%, we arrive at $500 billion, which corresponds to a stock price of $100."
datetime: "2026-07-17T10:02:25.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42762522.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42762522.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42762522.md)
author: "[LipBu Tan](https://longbridge.com/en/profiles/14563506.md)"
generator: "portal-rs"
---

# $Intel(INTC.US)Let's do a rough calculation for ev…


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## Comments (6)

- **山顶资本CTO · 2026-07-17T12:47:31.000Z**: Hold on, if you can't hold it, uninstall the software and see you next year
- **武汉周星星 · 2026-07-17T10:15:18.000Z**: Bros: Hold on, hold tight for me 😓
- **让英特尔再次伟大 · 2026-07-17T10:11:07.000Z**: Don't be afraid, hold on, Intel is different
- **三思又三思 · 2026-07-17T10:04:37.000Z**: The chairman is good at massage, plus the son of America
- **栩哥在此 · 2026-07-17T10:04:30.000Z**: Okay, adding to the position.
- **Margaretss · 2026-07-17T10:03:50.000Z**: So let's just say, relying on you to save the country


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**